Safetrust to increase shareholders’ fund base to N2.5bn
Safetrust Savings & Loans Limited has indicated plans to increase its shareholders’ fund to N2.5bn. The company said in a statement on Monday, that the plans to boost its fund base was in line with...
View ArticleGlo’s Phonelord to reward subscribers monthly
Telecommunications operator, Globacom, has unveiled a product tagged ‘Phonelord’ that rewards its subscribers for housing Glo SIMs in their phones. The telecoms firm said from now on, it would pay its...
View ArticleSamsung’s dual-SIM Galaxy Mega smartphone enters Nigeria
In a bid to widen its portfolio of smartphones available in the country, Samsung Electronics West Africa, has introduced the world’s largest smartphone, Samsung Galaxy Mega, to the Nigerian market....
View ArticleInnovectives to boost biometric capturing with authentication device
Concerned with the poor level of identity capturing in developing countries, technology design firm, Innovectives, has introduced into the Nigerian market multi-technology mobile solution for identity...
View ArticleBritain considers ban on bearer shares
Britain may ban stock certificates known as bearer shares that can be transferred without needing to register ownership, a government minister said, tapping into a drive for greater corporate...
View ArticleFederally-collected revenue in May dropped by 13% –CBN
The total amount of revenue collected by the Federal Government in May dropped below its monthly budget estimate by 12.6 per cent to N826.36bn, the Central Bank of Nigeria data released on Monday...
View ArticleLagos Public Procurement Agency activates website
The Lagos State Government has activated its Public Procurement Agency’s website and unveiled its Procurement Journal. The move, it said, was aimed at enhancing transparency, efficiency,...
View ArticleSlovenia doesn’t need bailout says central bank boss
Slovenia does not currently need international financial help to sort out its crumbling banking system although aid cannot be ruled in future, the euro zone country’s incoming central bank governor...
View ArticleCompany results, returning investors drove recent gains – Analysts
Analysts have attributed the recent gains in the capital market to positive company results, increase in investor confidence and efforts by the management of the Nigerian Stock Exchange and other...
View ArticleSenate urges banks to support real sector
The President of the Senate, David Mark, has called on commercial banks to support the growth of the real sector by making loans available to Small and Medium Scale Entrepreneurs at affordable interest...
View ArticleLocal content law enforceable in ICT industry – NCS
The Nigeria Computer Society has said strict enforcement of local content law is very possible in the Information and Communications Technology sector. The group argued that the law could be strictly...
View ArticleMalabu: Reps panel recommends OPL 245 sale revocation
An ad-hoc committee of the House of Representatives has recommended the revocation of the controversial sale of Oil Prospecting Licence 245 to Shell Nigeria Exploration and Production Company and...
View ArticleFG to ban corrupt contractors for five years
Henceforth, any supplier, contractor or service provider that contravenes any provision of the Public Procurement Act of 2007 will be banned from participating in all public contracts for a period not...
View ArticleFAAC distributes N718.1bn to FG, states, LGs
The Federation Accounts Allocation Committee on Monday distributed the sum of N718.10bn among the three tiers of government. The allocation, which is for the month of June, represents an increase of...
View ArticleJAC’ll change the image of Chinese auto –Oluwaniyi
As a prelude to introducing JAC (Chinese) brand of vehicles to Nigeria about two months ago, Elizade Nigeria Limited had embarked on a novel idea of a 120-day test drive. The company’s General Manager,...
View ArticleMarket sustains rally, index up by 0.4%
The rally in the equities segment of the Nigerian Stock Exchange, which began last week, continued on Tuesday, with major indices closing positive. The market capitalisation of the listed equities...
View ArticleSaudi Mobily’s Q2 net profit rises by 13.4%
Etihad Etisalat (Mobily), Saudi Arabia’s No.2 telecom operator, beat analyst forecasts with a 13.4 per cent rise in second-quarter net profit on Tuesday as revenue from data and business services...
View ArticleGlencore Xstrata suspends Australian iron production
Demand for base metals in its biggest market, China, has been softening. Glencore Xstrata has suspended its Australia iron ore mining due to weak demand and rising costs, the British Broadcasting...
View ArticleFirm trains 300 corps members on entrepreneurship
No fewer than 300 corps members are targeted to benefit from the Breeding Enterprise Future and National Youth Service Corps Enterprise Boot Camp Programmes organised by a firm, Start-up Hub. The...
View ArticleNigerian entrepreneurs must ensure best practices –Langkraehr
Julia Langkraehr is a United Kingdom-based trainer and entrepreneur, who works for the Entrepreneurs’ Organisation as an international facilitator. She was in Nigeria recently and spoke with...
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